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el al israel airlines (ELALF) Details

El Al Israel Airlines Limited provides airline services in Israel and internationally. It operates through Passenger Aircraft Activity and Cargo Aircraft Activity segments. The company is engaged in the transport of passengers and cargo on scheduled flights and charter flights between Israel and international countries; production and provision of prepared kosher meals for airlines and other institutions; and marketing and sale of tourism packages and airline tickets to travel agents and individual travelers. It is also involved in the operation of a restaurant and commissaries; lease of flight equipment; provision of luggage handling and maintenance services; and sale of duty free products. El Al Israel Airlines Limited was founded in 1948 and is headquartered in Lod, Israel.

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el al israel airlines (ELALF) Key Developments

EL AL Israel Airlines Announces Plans to Codeshare with JetBlue Airways

EL AL Israel Airlines and JetBlue Airways filed with the United States Department of Transportation seeking approval to codeshare. Subject to government approval, EL AL plans to place its 'LY' code on select JetBlue-operated flights to/from New York (JFK/Newark), expanding options throughout the United States for EL AL customers. EL AL currently offers up to 22 weekly nonstop flights from Tel Aviv to New York (JFK/Newark) which easily tap into JetBlue's growing network. With one stop in New York (JFK/Newark), customers may connect between Israel and 35 JetBlue destinations including Boston, Chicago/O'Hare, Fort Lauderdale-Hollywood, Houston/Hobby, Las Vegas, Orlando, San Francisco, San Juan, Washington/Dulles and West Palm Beach. JetBlue currently serves 86 cities across the United States, Caribbean, and Latin America.

EL AL Israel Airlines Ltd. Announces Management Changes

EL AL Israel Airlines Ltd. has appointed Shali Zahavi as vice president of commercial and aviation ties, and Ronen Shapira as director EL AL Cargo, succeeding Mr. Zahavi. Previously Ronen Shapira served as the CEO of Swiss World Cargo Israel and as Regional Manager for Israel, Africa and the Near East of Swiss World Cargo. At the time he was a member of the marketing forum and responsible for the company's market research and for international segmentation and its implementation. Ronen Shapira will assume his new position in October 2014.

El Al Israel Airlines Ltd. Revises Revenue Guidance for the Third Quarter of 2014

El Al Israel Airlines Ltd. reported that the projected damage to the company due to operation protective edge is much greater than the carrier projected a few weeks ago, and, according to the airline's revised estimates, the drop in revenue for the third quarter of 2014 will be between $55 million and $65 million. The previous estimate was for $40 million to $50 million in lost revenue as a result of the operation. The company absorbed added expenses in adapting their operations and adding capacity, and also in extra operational costs associated with the security situation. The company is taking proactive steps to mitigate damage.


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